Washington Concert Opera

Analysis

Washington Concert Opera is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Washington Concert Opera reported income of $1.5m and spending of $979k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Concert Opera sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 62nd percentile within DC. Charities of a similar size with the same main cause include Seedai Inc ($1.5m), Thomasville Cultural Center Inc ($1.5m) and Srba Historic Building and Environmental Preservation Foundat ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $100k (10% of expenses). Other salaries and wages came to $102k. At year end it held assets of $1.5m against liabilities of $96k, net assets of $1.4m. It reported 95 employees.